Report: Tesla Could Receive Over $1.2 Billion in Subsidies F

Report: Tesla Could Receive Over $1.2 Billion in Subsidies From Germany for Battery Plant


Author Bio
Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.
Tesla Motors (NASDAQ:TSLA) stands to collect a nice windfall from the German government. According to a report in Business Insider published on Monday and citing "several government sources," the electric vehicle (EV) specialist will be granted at least 1 billion euros ($1.2 billion) in public subsidies to continue developing battery cells.

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